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Note 10 - Restructuring Costs
3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]
10 – Restructuring Costs
 
During the quarter ended March 31, 2016, the Company instituted plans to consolidate its dealership network.
 
The Company incurred pre-tax expense of approximately $8.1 million related to restructuring activities in the quarter ended March 31, 2016. The restructuring costs included $2.7 million associated with impairment charges to certain fixed assets and the value of the real estate underlying the affected locations, which was reported in selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income. The restructuring costs also included $350,000 associated with severance benefits for the reduction of approximately 100 employees and contract termination costs that were reported as selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income.
 
In addition, the Company classified certain excess real estate as held for sale, which resulted in an impairment charge of $5.0 million, which was reported in selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income for the quarter ended March 31, 2016.
 
As of March 31, 2016, the real estate associated with the restructuring activities and the excess real estate is included in assets held for sale on the Consolidated Balance Sheets.